THE ALTERNATIVE VIEW Australia Tech & Venture CapitalBy: Alternatives.pe
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STARTUP FUNDRAISING
CONFLUX TECHNOLOGY,an additive manufacturing (AM) company specializing in thermal and fluid applications, driving innovation in heat exchange technology across various industries through vertically integrated operations from design to independent validation, raises AUD 11 million in Series B funding, BreakthroughVictoria led the round, with additional participation from AM Ventures and Acorn Capital.
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LYNGO AI, an AI-powered automated phone answering solution for enterprises, raises AUD 225K from Antler.
NEARA, a cloud-based enterprise platform that provides complex analysis, design, and application access to the infrastructure industry, has reportedly raised AUD 45 million led by Swedish private equity giant EQT and supported by Swiss critical infrastructure owner Partners Group, Square Peg Capital, Skip Capital, and Netherlands-based Prosus Ventures.
EARTHODIC, an Australian materials science company creating functional biobased coatings, has reportedly raised AUD 6.1 million in Seed funding led by FTW Ventures. The round also included Circulate Capital, QIC, UniQuest Fund, Significant Capital Ventures, Branch Venture Group, RedStick Ventures, and US angel investors.
NANOCUBE HEALTH, a company that develops nanorobots for diagnosing and treating pancreatic cancer, has reportedly received AUD 3 million in Grant funding from the Federal Government’s e-Cooperative Research Centres Program.
GRAPHICS ET AL, a company that creates accessible health information diagrams and animations in minutes, has reportedly received an undisclosed investment from Trampoline VC. The funding will be used to improve global healthcare by connecting professionals and patients.
PACTIFY, a contract maker that assists businesses in creating accurate and legally compliant agreements with their social media influencer partners, has reportedly raised AUD 225K from Antler.
SPOONY, a social network designed to empower neurodivergent, chronically ill, and disabled individuals by helping them make meaningful connections and feel understood, has reportedly raised AUD 225K from Antler.
REVENUE UPDATES
SEABIN PROJECT, a clean tech startup on an ambitious mission to help solve the global problem of ocean plastic pollution and ocean conservation, had revenue of AUD 1.05 million for the FY ending in June 2023.
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NEW STARTUPS
FACE CLOUD (2024): A medical software startup that offers cloud-based cosmetic clinic management using AI.
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OTHER NEWS
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